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STAKEHOLDER ENGAGEMENT
- Meetings of the OECD and IOPS
Items discussed during the WPPP meeting included: changes to pension systems; an update on the adoption of the IOPS supervisory guidelines on the integration of environmental, social and governance (ESG) factors; projections of retirement benefits; solvency of defined benefit pension schemes; supervision of cybersecurity in private pension arrangements; and approaches to and challenges of assessing the adequacy of private pensions. Read more
- IAIS Global Seminar
Key topics of discussions during the Global Seminar were the global insurance capital standard ICS 2.0 and the desire of the IAIS to approve this at their annual meeting in November, which would enable the start of a 5-year monitoring period. The IAIS released their new strategic plan and a few public consultations notably on the revised ICPs (Insurance Core Principles) and ComFrame (Common Framework) related to Holistic Framework. Read more
- IAA/WB/IMF Forum
The first topic addressed by the forum was financial reporting of social security systems. Participants discussed the current guidance in the System of National Accounts (SNA) and methodological issues relating to the guidelines in the SNA and the Government Finance Statistics Manual. A representative from Eurostat, attending via Webex, provided an update from the Eurostat Pensions Workshop, sharing their experience of compiling the Pensions Supplementary Table. The second part of the forum was dedicated to projection models for social security programs. Interesting presentations were given covering long-term projection and microsimulation models in Finland, actuarial valuation of the Canada Pension Plan and Old Age Security, combining macro with micro modelling, and the WB's pension model PROST. Read more
NEWS FROM MEMBER ASSOCIATIONS
OTHER NEWS
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UPCOMING EVENTS
NEW IAA PUBLICATION
Risk Adjustments for Insurance Contracts Under IFRS 17
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